Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $15.9B | $17.1B | $18.2B | $20.3B | $19.0B | $31.9B | $29.7B | $26.5B | $26.4B | $25.9B |
| Revenue growth | — | 7.8% | 6.2% | 11.8% | -6.7% | 68.3% | -6.9% | -10.6% | -0.7% | -1.8% |
| Gross profit | $2.18B | $2.33B | $2.48B | $2.72B | $2.38B | $3.29B | $2.80B | $2.71B | $2.90B | $2.81B |
| Gross margin | 13.8% | 13.6% | 13.6% | 13.4% | 12.6% | 10.3% | 9.4% | 10.2% | 11.0% | 10.8% |
| Net income | $627M | $664M | $842M | $888M | $747M | $1.15B | $485M | $479M | $501M | $247M |
| Net margin | 3.9% | 3.9% | 4.6% | 4.4% | 3.9% | 3.6% | 1.6% | 1.8% | 1.9% | 1.0% |
| EPS (diluted) | $3.26 | $3.60 | $4.79 | $5.33 | $4.52 | $6.97 | $3.03 | $3.02 | $3.21 | $1.68 |
| Fiscal year | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$455M | -$80.5M | $163M | -$237M | $668M | -$2.55B | $1.28B | $459M | $624M | $1.78B |
| Capital expenditures | $418M | $297M | $305M | $332M | $165M | $309M | $423M | $465M | $468M | $541M |
| Free cash flow | -$873M | -$377M | -$142M | -$569M | $503M | -$2.86B | $861M | -$6.69M | $157M | $1.24B |
| Share buybacks | $564M | $580M | $905M | $568M | $230M | $576M | $334M | $94.1M | $428M | $643M |
| Fiscal year | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $38.4M | $44.5M | $46.9M | $58.2M | $132M | $103M | $315M | $574M | $247M | $123M |
| Total assets | $16.3B | $17.5B | $18.7B | $21.1B | $21.5B | $26.3B | $26.2B | $27.2B | $27.4B | $26.4B |
| Total liabilities | $13.2B | $14.2B | $15.4B | $17.3B | $17.2B | $21.1B | $20.6B | $21.1B | $21.2B | $20.5B |
| Long-term debt | — | — | $13.8B | $14.9B | $14.6B | $18.2B | $17.8B | $18.0B | $18.1B | $17.3B |
| Shareholders' equity | $3.11B | $3.32B | $3.36B | $3.77B | $4.36B | $5.24B | $5.61B | $6.07B | $6.24B | $5.89B |
| Retained earnings | $1.88B | $2.05B | $2.10B | $2.49B | $2.89B | $3.52B | $3.72B | $4.13B | $4.27B | $4.04B |
| Shares (wtd avg diluted) | 192M | 184M | 176M | 167M | 165M | 165M | 160M | 159M | 156M | 148M |
Every figure is extracted from CARMAX INC’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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